WorksheetsEconomics (7th-8th Grade)
Total questions: 9
Worksheet time: 4mins
Does a command economy give power to the government or the people?
The government
The people
Neither
Both, it is mixed
Who decides demand in a market economy?
The government
The citizens
There is no demand in market economies
What does international trade involve?
Importing
Conflict
Hiring
Exporting
Which of these is NOT true about traditional economies?
The government plays a small role in the economy
Jobs are determined by family heritage
Citizens barter goods
Money is used
Popeye's chicken sandwiches are all gone. A person with one sells it for 10 times the price. What is this an example of?
Competition
Scarcity
A command economy
Capitalism
What two economic systems do mixed economies have?
Command
Communism
Market
Traditional
Joe's job is working extra hard and innovating in order to better than the business next to them. What is this an example of?
Competition
Funding
Demand
Importing
Alabama has a lot of jobs in international trade. Which one of these choices would be a good idea to benefit Alabama's economy?
A car insurance building.
A trade route between Alabama and Europe
A bill with the president
What economic system is the United States?
Market economy
Mixed economy
Command economy
Traditional economy
